Information  X 
Enter a valid email address

Legal & General Grp (LGEN)

  Print   

Wednesday 20 April, 2022

Legal & General Grp

Director/PDMR Shareholding

RNS Number : 8014I
Legal & General Group Plc
20 April 2022
 

Legal & general group plc

Notification of Transactions of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and persons closely associated with them

 

On 19 April 2022 Legal & General Group Plc (the "Company") received notification that on that day the Directors and PDMRs named below had been awarded nil cost options over ordinary shares of 2.5p under the terms of the Performance Share Plan ("PSP") at an award price of £2.7112. All PSP awards will vest, subject to satisfaction of the performance conditions, after three years but the participants will not be able to exercise the options before 19 April 2027. 

The performance period in respect of the PSP award will end on 31 December 2024. The performance conditions attached to the PSP award will then be tested and the vesting percentage confirmed after the announcement of the Legal & General's 2024 annual results. Options must be exercised by the seventh anniversary of the date of grant.

On 19 April 2022 the Company also received notification that on that day the Directors and PDMRs named below were awarded either conditional shares or restricted shares at a price of £2.72 per ordinary share under the terms of the Share Bonus Plan ("SBP"). All SBP awards vest on 19 April 2025.  

Name

Director/ PDMR

Number of PSP options
awarded on 19 April 2022
at a price of £2.7112

Number of SBP Conditional Shares awarded on 19 April 2022 at a price of £2.72

Number of SBP Restricted Shares awarded on
19 April 2022 at a price
of £2.72

 Nigel Wilson

 Director

948,380

255,220

-

 Jeff Davies

 Director

582,767

149,981

-

 Kerrigan Procter

 PDMR

502,544

-

140,257

 Michelle Scrimgeour

 PDMR

576,313

-

136,286

 John Godfrey

 PDMR

118,508

-

28,676

 Emma Hardaker-Jones

 PDMR

194,747

-

43,658

 Bernard Hickman

 PDMR

276,630

-

65,312

 Chris Knight

 PDMR

195,928

-

56,985

 Stephen Licence

 PDMR

88,521

-

32,941

 Catherine Mason

 PDMR

392,123

-

128,676

 Andrew Kail

 PDMR

542,195

-

124,136

 Geoffrey Timms

 PDMR

210,681

-

51,011

 



 

 

PSP Awards

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1.  Nigel Wilson

2.  Jeff Davies

3.  Kerrigan Procter

4.  Michelle Scrimgeour

5.  John Godfrey

6.  Emma Hardaker-Jones

7.  Bernard Hickman

8.  Chris Knight

9.  Stephen Licence

10.  Catherine Mason

11.  Andrew Kail

12.  Geoffrey Timms

 

2

Reason for the notification

a)

Position/status

1.  Group Chief Executive Officer/Director

2.  Group Chief Financial Officer/Director

3.  President of Asia-Pacific/PDMR

4.  Chief Executive Officer, Legal & General Investment Management/PDMR

5.  Corporate Affairs Director/PDMR

6.  Group HR Director/PDMR

7.  Chief Executive Officer, Legal & General Retail/PDMR

8.  Group Chief Risk Officer/PDMR

9.  Group Chief Internal Auditor/PDMR

10.  Chief Executive Officer, Legal & General Capital/PDMR

11.  Chief Executive Officer, Legal & General Institutional Retirement/PDMR

12.  Group General Counsel and Company Secretary/PDMR

 

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Legal & General Group Plc

b)

LEI

213800JH9QQWHLO99821

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of £0.025 each, with voting rights attached

 GB0005603997

b)

Nature of transaction

PSP options award for the directors/PDMRs listed in 1a above 

 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume

1.  £2.7112

1.  948,380

2.  £2.7112

2.  582,767



3.  £2.7112

3.  502,544



4.  £2.7112

4.  576,313



5.  £2.7112

5.  118,508



6.  £2.7112

6.  194,747



7.  £2.7112

7.  276,630



8.  £2.7112

8.  195,928



9.  £2.7112

9.  88,521



10.  £2.7112

10.  392,123



11.  £2.7112

11.  542,195



12.  £2.7112

12.  210,681

d)

Aggregated information

-  Aggregated volume

-  Price

 N/A (Single Transaction)

e)

Date of the transaction

19 April 2022

f)

Place of the transaction

London Stock Exchange, XLON

 

 

 

SBP Awards (Restricted and Conditional)

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1.  Nigel Wilson

2.  Jeff Davies

3.  Kerrigan Procter

4.  Michelle Scrimgeour

5.  John Godfrey

6.  Emma Hardaker-Jones

7.  Bernard Hickman

8.  Chris Knight

9.  Stephen Licence

10.  Catherine Mason

11.  Andrew Kail

12.  Geoffrey Timms

 

 

2

Reason for the notification

a)

Position/status

1.  Group Chief Executive Officer/Director

2.  Group Chief Financial Officer/Director

3.  President of Asia-Pacific/PDMR

4.  Chief Executive Officer, Legal & General Investment Management/PDMR

5.  Corporate Affairs Director/PDMR

6.  Group HR Director/PDMR

7.  Chief Executive Officer, Legal & General Retail/PDMR

8.  Group Chief Risk Officer/PDMR

9.  Group Chief Internal Auditor/PDMR

10.  Chief Executive Officer, Legal & General Capital/PDMR

11.  Chief Executive Officer, Legal & General Institutional Retirement/PDMR

12.  Group General Counsel and Company Secretary/PDMR

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Legal & General Group Plc

b)

LEI

213800JH9QQWHLO99821

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of £0.025 each, with voting rights attached

 GB0005603997

b)

Nature of transaction

1.  SBP conditional shares award for the directors listed in 1a above

2.  SBP r estricted shares award for the PDMRs listed in 1a above

 

c)

 

Price(s) and volume(s)

 

Price(s)

Volume

1.  £2.72

1.  255,220

2.  £2.72

2.  149,981

3.  £2.72

3.  140,257

4.  £2.72

4.  136,286



5.  £2.72

5.  28,676



6.  £2.72

6.  43,658



7.  £2.72

7.  65,312



8.  £2.72

8.  56,985



9.  £2.72

9.  32,941



10.  £2.72

10.  128,676



11.  £2.72

11.  124,136



12.  £2.72

12.  51,011

d)

Aggregated information

-  Aggregated volume

-  Price

 N/A (Single Transaction)

e)

Date of the transaction

19 April 2022

f)

Place of the transaction

London Stock Exchange, XLON

 

 

20 April 2022

 

Andrew Fairhurst

Director of Company Secretarial

Legal & General Group Plc

 

Tel: 020 3124 2102

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHEBLFLLZLZBBX

a d v e r t i s e m e n t